Red Bank, New Jersey
UPDATE July 2016–FINRA records disclose that Ralph B. Marra has an outstanding Internal Revenue Service levy at the court in Freehold New Jersey, in the amount of $397,803.
ORIGINAL POST -June 2016–
According to FINRA records, Ralph B. Marra , a stockbroker who previously worked for Morgan Stanley and is currently employed by National Securities Corporation , discloses two pending and two prior customer disputes.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In May 2016, a customer when Marra was employed by Morgan Stanley Smith Barney alleged damages of $200,000 for unsuitable investments in equities and closed end funds made in their account between 2013-April 2015.
In FINRA Case 15-01274, which is also currently pending, a customer while Marra was employed by UBS Financial Services alleges damages of $150,000 for breach of fiduciary duty, and negligence in connection with certain equity recommendations. CASE SETTLED FOR $37,500 JUNE 2016.
In FINRA Case 14-03461, a customer while Marra was employed by Morgan Stanley alleged damages of $356,017 for excessive trading in options and equity investments. That case was settled for $50,000 in February 2016.
If you have questions about an account handled by Ralph B. Marra, call for a no charge consultation.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
Florida-561 391 1900